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A prenuptial agreement is a very important instrument for keeping your assets separate from your future spouse and the reverse, their assets separate from yours. Most people's
first impression of a prenuptial agreement is that it's a "one-way street" in terms of one party having significantly more assets and resources that they are trying to protect from their
future spouse in the case of irreconcilable differences in their marriage. While this may be true in some instances, a prenuptial agreement serves to cover both parties
in the marriage "contract". Therefore, a prenuptial agreement is important to protect both engaged parties and their financial resources prior to getting married.
The discussion of a prenuptial agreement with your future spouse can be a touchy subject and a difficult discussion to have. However it can also be a very important one. Without having a prenuptial agreement in place prior to your marriage, you are risking conceding half of your current assets and financial resources in the event that things go sour in your marriage. It is important that the discussion of a prenuptial agreement be had with your future spouse and that both parties take the discussion seriously as the document is designed to help both individuals, not just one. Make that point to your fiancé when approaching the subject. Do not make the conversation one-sided claiming that you have everything to lose, and they nothing. Prenuptial agreements are also important when children from a previous marriage are concerned. One spouse may currently be receiving child support from that previous marriage that they do not want to consider property to be shared in the up-coming marriage. A prenuptial agreement clarifies that the child support being received from the previous marriage is to be used for the child only and for the accumulation of resources and assets for that child and their parent. In summary, a prenuptial agreement is not simply a one-sided document for one wealthy party trying to protect their wealth from their future spouse. It serves multiple other purposes the most important being statements of how each party will protect their financial rights once they have become married. Click here to start creating your prenuptial agreement now! |
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